Of detail work I feel I have done my full share. As I began my business life as a bookkeeper, I learned to have great respect for figures and facts, no matter how small they were. When there was a matter of accounting…
Of detail work I feel I have done my full share. As I began my business life as a bookkeeper, I learned to have great respect for figures and facts, no matter how small they were. When there was a matter of accounting…
Of detail work I feel I have done my full share. As I began my business life as a bookkeeper, I learned to have great respect for figures and facts, no matter how small they were. When there was a matter of accounting…
It was in allusion to this fact that, when in our fire company we feared the success of our proposal in favour of the lottery, and I had said to my friend Mr. Syng, one of our members, "If we fail, let us move the…
21:00 Figures · Investing · Modern investor letters
Warren Buffett:Berkshire 1988 Letter, Excerpt 1
Warren Buffett《Berkshire Hathaway 1988 Letter to Shareholders》· 1988 Chairman's Letter · Investing
We’ve emphasized in past reports that what counts, however, is intrinsic business value - the figure, necessarily an estimate, indicating what all of our constituent businesses are worth. By our calculations, Berkshire’s intrinsic business value significantly exceeds its book value. Over the 24 years, business value has grown somewhat faster than book value; in 1988, however, book value grew the faster, by a bit.
Of detail work I feel I have done my full share. As I began my business life as a bookkeeper, I learned to have great respect for figures and facts, no matter how small they were. When there was a matter of accounting…